views of Mr. Dinesh Thakkar (Chairman & Managing Director, Angel Broking) on upcoming Fed’s statement: “I don’t expect any negative surprises by the Fed Chairman in his testimony to the Congress. In fact, I believe that the Fed is firmly in the driver’s seat as regards its policy and is likely to signal a continuation of ultra-accommodative monetary stance. Global commodity prices continue to remain benign and inflation is lower than the Fed’s target level. The asset purchase program is also likely to stay on course until the economic recovery picks stronger hold and their labor market outlook improves further. The tapering is likely to be done gradually and in an orderly fashion as their economy strengthens without any risk to financial stability.”
Posted on: Wed, 17 Jul 2013 17:29:56 +0000
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